Workers Compensation Security Fund FY2020 filing
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Pays workers' compensation claims for New Jersey residents when their insurance carriers become insolvent. For fiscal year 2020 it reported $35.0M in revenue, $33.4M in expenses, and $230.4M in net assets.Pt I
Summary of the Filing
Where the work happens
The WCSF was established by the new jersey legislature in 1935 to pay the claims of insolvent workers' compensation insurance carriers arising from the coverage of risks located or resident in new jersey. Carriers authorized to transact the business of workers' compensation insurance in new jersey contribute to the WCSF.
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Identity & Classification
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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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